Restructuring Expected to Streamline Organization and Reduce Annualized Expenses by Over $20 MillionJantoon Reigersman Appointed President and Chief Executive OfficerMichael Darrow to Depart from Company SANTA MONICA, Calif., June 14, 2023 TrueCar, Inc. today announced a strategic restructuring to streamline the organization, including a workforce reduction impacting approximately 102 positions, or 24% of the Company's headcount, and the appointment of Jantoon Reigersman as President and Chief Executive Officer. Mr. Reigersman succeeds Michael Darrow, who is departing TrueCar and vacating his position on the Board.